Wichita eagle., 1887-03-19
TELL THE TRUTH.
The e. & o. Deal Finally Consum
mated-ParticuIars not Given.

NEW DIRK, Mdlcn 10 AHc Noiiu
says: There is every reason to believe that
Henry Grady, of the Atlanta Constitution,
has access TO authoritative information as to
the arrangements in regard to the sale of
the Baltimore & Ohio from influential
southern railroad friends in New York,
and the following statement, sent by a
New York correspondent TO the Constitu-
ton is based On the exact facts. The
dickering is done. the squabbie is over and
the Baltimore & Ohio deal is closed This
is not mere rumor, but an actual fact The
trade has been actually effected and Mr
Garrett has decided the controlling interest
in his great railroad property to the new
cOmers
Who the purchasers are is yet held In
profound secrecy, but some names that
have been prominently connected with the
recent negotiations are not down on the
list Mr. Sully has nothing to do with the
purchase and does not, probably, even
know of it as yet; neither has Mr.. Gould
any interest in the trade, nor is the Termi
nal Company, in corporate capacity, a
buyer but at the same time some OF the
leading members of the Terminal manage
ment are individually interested When
this matter is generally known. and the
mystery cleared mp, it will more than like
ly have stimu ating effect on the general
stock market. aud the tape will probably
record considerably higher prices for the
majority of active stocks.
The absorbing interest in this subject Of
late and the perplexing uncertainty of the
l. 4 tod a
ulation, and tended TO materially check the
volume of trade in the exchange. With
regard to the future presidency of the Ter
minal Company, it is now generally known
that John Ii. Inman has positively declined
to entertain the idea of accepting ii, aud to-
days rumor is that r. 5. Hayes. formerly
manager of Goulds Missouri Pacific sys
TEN, has been solicited to take the posi-
ton, and that he is considering the matter
favorably.
Later the announcement was
given, apparently by authority. in Wall
street that the negotiations for the purchase
of the B. s o. railroad had been compiet-
ed; that the road bad been bought 10y the
Staynor Ives syndicate; that the first de
post Of $500, 600 had already been paid
and that the transfer of the road 10 the
purchasers would soon be made. The
hacker Of these parties is reported to he
christopher Never, the millionaire rubber
manufacturer of this city. Mr.. Sllly To-
day broke his silence SO far as 10 say: Yes,
/ see that other parties claim to have pur-
chased the control of the b. & Q. If any
disposition has been made II is perfectly
right and proper. | believe that the
amulCamation OF dividend earning railroads
into strong systems cannot but add
strength. power and increased earnings
with resulting economics.
In my opinion all the railroads Of any
note in the United States within the next
twenty years will be combined into less
than twenty great systems. There Is
nothing in this policy operating against
the interests of the people think will
vet bring the B. & q. into the Terminal
system.
A loan of $4,000. 000 On Cincinnati.
Hamilton & Dayton stock is reported 10
have been offered 10 the syndicate, the
money 10 be used in payment OF the =. X
O. stock.
All the other railroad an! telegraph Of
ficials deny that they have any interest in
the deal The purchase IS believed u be
for speculative purposes only. 1t Is stated
that The purchasers are bu,ily engaged in
81, ,000. 600 which is 10 be paid on Monday
1t is also stated that they are murtgagin 2
the B & O. property beforehand III order
to raise the money and rs soon as they can
get control disintegra'ion of the road will
begin.
PHILADELPHIA, Pa. March 1S The
Record tomorrow will say: President
Robert Garrett of the B. S o. Railroad
CO., srriyed in this city yesterday after.
noon from Trenton. He was acc"mpanl' q
hy T. Rollin Morse. representative Of the
A, T. Il s F. X. r., and who also repre-
sents in Boston important London and
New York banking houses. Prcsidcn!
Garrett and MIR Morse were c!cSeted tor a
long time in Trenton on Thursday night,
aud from reliable Baltimore Il otho sonrc
"a cones The theory that the proposed
sale to the A., T. Il ). r X. X, which Is
known Ia be anxious 10 obtain ii, was dis
cusscd and understanding arrived at.
NEW YoaK. March 1S.-The World
will publish tomorrow the following IN re-
gard 10 tie B. & o. deal: One Of the lead
iny directors of the Richmond Terminal
said 10 World reporter: There Is no"
no reason 10 doubt that the Cincinnati,
Hamilton s Dayton syndicate has the hold
of Mr.. CARROTS stock and has par. OF the
money down. lido not think that any oil
the Richmond Terminal people are in the
syndicate. :.
The World adds that the puzzling ques'
ton IS as TO who is behind them, ana adds
that Mr.. Mercer authorized friend to
deny that he had any connection With th'
deal
-.h~c .,n OnAxAACPNC